Chinese electric car companies are investing in overseas factories to compete with global automakers. In 2024, for the first time, Chinese electric car supply chain invested more outside China than at home, with 74% going to battery factories. This move aims to counter competition at home and higher export tariffs.

Great Wall Motor opened its first factory in Brazil, with plans for another soon. BYD also started production in Brazil despite labor practice fines. Envision began production in France. Chinese firms are investing more abroad, but completion rates are low compared to domestic projects, raising concerns over technology leakage and job losses.

Read more at CNBC: China’s electric car industry invests more overseas than at home